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Investing in Emerging Developers: How Kaba-Baal LLC Is Expanding Pathways into Affordable Housing Development

Published on Mar 10, 2026

In 2025, FHLBank Chicago awarded $241,000 through its Community First Developer Program to Kaba-Baal LLC, a Madison-based firm founded by developer Kaba Bah. The funding, delivered through Forward Community Investments,  marked a significant milestone for Kaba-Baal LLC as it worked to create new pathways into affordable housing development for emerging professionals across Wisconsin.

Kaba built his firm on the belief that everyone deserves a safe and dignified place to call home. His work centers on creating homeownership opportunities that strengthen neighborhood stability and help families build long-term security. The Developer Program grant provided new capacity to advance this mission, supporting fellowships and internships that prepare emerging leaders for careers in affordable housing. 

Future fellows and interns will gain hands-on experience through projects in development, including work in communities such as River Falls and Columbus. Their roles will introduce them to project management, planning and community engagement—while also teaching them the importance of thoughtful, purposedriven development. Kaba notes that the most meaningful outcome will be helping new professionals understand how intentional  development can transform neighborhoods and  expand opportunities for families.

Forward Community Investments has played a key role in this progress, helping Kaba-Baal LLC refine its vision, navigate early challenges, and position the firm for growth. With Developer Program funding secured, the organization is ready to take its next steps and create space for new developers who want to make an impact in their communities.

In 2025, the partnership between FHLBank Chicago, Forward Community Investments, and Kaba-Baal LLC demonstrated how targeted investment can open doors for emerging leaders. The work ahead will support new talent, new projects, and new opportunities for families across Wisconsin and Illinois.

Watch the video below to learn more.

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